Question
The stockholders' equity section on the December 31, 2012, balance sheet of Chemfast Corporation reported the following amounts: Contributed Capital Preferred Stock (par $20; authorized
The stockholders' equity section on the December 31, 2012, balance sheet of Chemfast Corporation reported the following amounts: Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) $ 88,000 Additional Paid-in Capital, Preferred 10,340 Common Stock (no-par; authorized 20,000 shares, issued and outstanding 5,200 shares) 478,400 Retained Earnings 22,000 Treasury Stock, 1,000 Preferred shares at cost 9,100 Assume that no shares of treasury stock have been sold in the past. Required: Complete the following statements. (Amounts to be deducted should be indicated by a minus sign. Round "per share values" to 2 decimal places.)
Complete the following statements. (Amounts to be deducted should be indicated by a minus sign. Round "per share values" to 2 decimal places.)
The number of shares of perferred stock issued was
The number of shares of perferred stock outstanding was
The average issue price of the preffered stock was
The average issue price of the common stock was
The treasurey stock transaction increased or decreased stock equity by
The treasury stock cost
Total stockholders equity is
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